by VDT Attorneys | Feb 21, 2024 | Donation, Donation tax, Tax, Tax Advisory, Tax liability, Tax planning, Wealth management
For tax purposes, a donation is defined as “any gratuitous disposal of property including any gratuitous waiver or renunciation of a right”. This means that the donation must be free or at no charge and should the donee (recipient) who receives a donation give...
by VDT Attorneys | Feb 21, 2024 | Employee, Employee-wellbeing, Employment, Labour
With many countries around the globe, especially after the Covid-19 pandemic, showing an interest in and trialling a four-day workweek and with some countries already having moved to a four-day workweek, it is understandable that the debate and consideration of a...
by VDT Attorneys | Feb 7, 2024 | Bond, Bond registration, Buying property, Property, Property Practitioners
1. Proper inspection of the property It is important to make sure that, as the Purchaser, you are happy with the current condition of the property. If there are any repairs or improvements that need to be made, these must be specifically included in the Agreement of...
by VDT Attorneys | Feb 7, 2024 | Antenuptial contract, Customary marriage, Marriage, Marriage out of community of property, Matrimonial Property Act
Today, the conclusion of a customary marriage is governed by the Recognition of Customary Marriages Act 120 of 1998 (“RCMA”) read together with the Matrimonial Property Act 88 of 1984 (“MPA”). For a customary marriage to be valid, the parties must be older than 18...
by VDT Attorneys | Jan 28, 2024 | Doing Business in South Africa, M&A, Mergers & Acquisitions, Takeover Regulation, TRP
The functioning and legislative framework within which the TRP operates, is established by the Companies Act 71 of 2008 (“Act”) and the Takeover Regulations thereto (“Regulations”) which is applied to “affected transactions” undertaken by “regulated companies”. In...
